Barclays fund to raise €1.25bn

By

James Mawson

August 9, 2004 5:00 p.m. GMT

Barclays Private Equity will start fundraising early next year for a €1.25bn ($1.5bn) fund, after investing about two thirds of its 2002 fund. Record first-half sales by Barclays Private Equity contributed more than a quarter, £175m, of parent Barclays Capital's £599m pre-tax profits.

Barclays Capital said its "exceptionally strong track record" would help private equity fundraising next year.